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Artificial Intelligence

Big Data as a Service (BDaaS) Market to Exhibit 28.2%CAGR by 2028; Rapid Adoption by Social Media Platforms to Bolster Growth, says Fortune Business Insights™

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Pune, India, Sept. 22, 2021 (GLOBE NEWSWIRE) — The global big data as a service (BDaaS)market size isexpected to showcase significant growth by reaching USD 93.52 Billion by 2028. This is attributable to the rapid adoption of big data as a serviceby social media platforms,coupled with the growing e-commerce industry worldwide. According to a recent report by Fortune Business Insights, titled, “Big Data as a Service (BDaaS) Market Size, Share & COVID-19 Impact Analysis, By Solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Industry (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing and Others) and Regional Forecast, 2021-2028,”,the market stood atUSD 12.72 billion in2020 and is projected to exhibit an astounding CAGR of 28.2% between 2021 to 2028.

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List of the Companies Profiled in the Global Market:

  • Wipro Limited (India)
  • ZeroStack, Inc. (US)
  • Accenture Plc. (Ireland)
  • SAP SE (Germany)
  • Oracle Corporation (US)
  • Microsoft Corporation (US)
  • CenturyLink, Inc. (US)
  • IBM Corporation (US)
  • Hewlett Packard Enterprise (HP) (US)
  • Amazon Web Services, Inc. (US)
  • Other vendors

Report Scope & Segmentation –

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 28.2 %
2028 Value Projection USD 93.52 Billion
Base Year 2020
Market Size in 2020 USD 12.72 Billion
Historical Data for 2017-2019
No. of Pages 160
Segments covered Solution ;Deployment Model ;Industry ; Regional
Growth Drivers Increasing Number of Ecommerce Platforms to Bolster Growth.
 

Pitfalls & Challenges

Rising Security Breaches and Lack of Skilled Professionals to Hamper Market Growth.

The emergence of the COVID-19 pandemic has had a devastating impact on most businesses worldwide, especially hampering the import-export companies. A government-imposed lockdown may continue for an unknown period. Though some companies are still able to manage revenue generation, some are at a complete halt. At Fortune Business Insights, we are offering analytical reports on various markets, discussing the impact of coronavirus and the future possibilities. This may help investors take the necessary decision in favor of the benefit of the businesses concerned.

Click here to get the short-term and long-term impact of COVID-19 on this Market.
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The Report Discusses the following questions:

  • What is the nature of the competition?
  • How can social media platforms contribute to the growth of the market?
  • Who are the major players of this market, and what is their strategic plan?
  • Which current market trends are followed worldwide?
  • What are the significant industry developments in the market?

DRIVING FACTORS

Rapid Utilization of BDaaS on Social Media Platforms to Promote Growth

The increasing penetration of digitalization and automation into various businesses isthe key factor driving the global big data as a service (BDaaS) marketgrowth. In addition to this, the 5G infrastructure deployment and the growing demand for BDaaS from social media platforms such as Snapchat, YouTube, LinkedIn, Instagram, Twitter, Facebook, and others are likely to aid in the expansion of the market. For instance, the Data Never Sleeps 5.0 by Domo Inc. report states that around456,000 tweets are shared on Twitter,527,700 photos are shared on Snapchat,4,146,600 YouTube videos are viewed, 46,740 photos posted on Instagram, and 100-120 experts join LinkedIn every minute of the day. Thus, social media platforms play a significant role inadding impetus to the global market.

On the contrary, the high risk of security breaches may pose a significant challenge to the market. Moreover, the lack of skilled techniciansfor big data as a service propelled only 15% of businesses to adopt this service. The rest are still relying on pilot projects, thereby hampering the market growth.

Nevertheless, the adoption of BDaaS with cloud-based analytics for use in the applications such as data or text mining, semantic analysis, machine learning, and others would help create better product performance and market-related insights. This, in turn, is likely to aid in the expansion of the market in the forthcoming years.

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SEGMENTATION

Hadoop-as-a-service Segment Held 31.6% Market Share in 2020

Based on the solution, the Hadoop-as-a-service segment held a market share of about 31.6% in 2020. The segment is expected to showcase exponential growth by registering the highest CAGR in the forthcoming years. This is attributable to the increasing adoption of Hadoop-as-a-service solutions across several small and medium enterprises (SMEs) globally.

REGIONAL INSIGHTS

North America to Remain Dominant;Increasing Investment in BDaaS by Manufacturing Units to Aid Growth

Geographically, North America stood at USD 6.33 billion in 2020. Further,it is expected to hold the largest share in the globalbig data as a service market in terms of revenue during the forecast period. This is attributed to the substantial investment by significant players such as Intel Corporation for producing chips at a faster rate, thereby expanding their existing storage system and identifying cyber vulnerabilities and manufacturing defaults. With the adoption of big data as a service, Intel Corporation secured an estimated USD 30 billion in its overall production quality in 2018.

Asia Pacific will register the highest CAGR during the forecast perioddue tothe significant support from India, Japan, South Korea, China, and others. The booming e-commerce businesses, along withthe adoption of big data as a service by small and medium enterprises in these countries, is expected to favor regional growth.

COMPETITIVE LANDSCAPE

Players Focus onJoint Ventures to Strengthen Their Market Positions

The major companies operating in the global market are adopting strategies such as merger and acquisition, joint venture, partnership, and contract and agreement to stay ahead in the competition. Among all the players, IBM Corporation is holding a significant big data as a service market share.

Key Industry Developments:

September 2017 – IBM Corporation launched the first advanced analytics solution for the social media platform – Twitter. This solution willhelp create and manage an estimated 500 billion tweets daily and data of 280 billion for monthly active users per day.

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Table Of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints,Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
    • Global Market Share Analysis and Matrix, 2020
  • Key Market Insights and Strategic Recommendations
  • Companies Profiled(Provided for 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Gross Margin
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Primary Interview Responses
  • Annexure / Appendix
    • Global Big Data as a Service (BDaaS)Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Solution (Value)
        • Hadoop-as-a-Service
        • Data-as-a-Service
        • Data Analytics-as-a-Service
      • By Deployment Model (Value)
        • Public Cloud
        • Private Cloud
        • Hybrid Cloud
      • By Industry (Value)
        • BFSI
        • Retail and E-Commerce
        • IT & Telecom
        • Healthcare
        • Government
        • Manufacturing
        • Others (Media & Entertainment, Education, etc.,)
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America
    • North America Big Data as a Service (BDaaS)Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Solution (Value)
        • Hadoop-as-a-Service
        • Data-as-a-Service
        • Data Analytics-as-a-Service
      • By Deployment Model (Value)
        • Public Cloud
        • Private Cloud
        • Hybrid Cloud

TOC Continued…!

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About Us

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Artificial Intelligence

Saviynt Appoints James Ross as RVP-ANZ to Strategically Accelerate Growth in the Australia and New Zealand Region

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LOS ANGELES, May 22, 2024 /PRNewswire/ — Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced the appointment of James Ross as RVP-ANZ as the company has seen rapid growth in the Australia and New Zealand (ANZ) region, with double digit growth year over year.

Saviynt has solidified its position as a key player in the cloud identity security landscape with its Identity Cloud. The company’s continued focus on innovation and client satisfaction has contributed significantly to building a safer Australia with prominent customers across the energy and utilities, finance, retail, energy, and transport and logistics sectors.
“James’ appointment as the Regional Vice President (RVP) for ANZ marks a strategic move to accelerate growth and solidify market presence in the region,” said Dan Mountstephen, SVP APAC at Saviynt. “With a proven track record of dynamic leadership at Collibra, ForgeRock, and CA Technologies, James brings a wealth of experience and expertise to the role. His visionary approach and collaborative spirit are poised to inspire and mobilize teams toward ambitious targets.”
Saviynt has consistently expanded its client base and deepened its relationships with existing customers through customized solutions and unparalleled support, cementing its reputation as a trusted partner in the region’s cybersecurity ecosystem. As RVP ANZ, Ross is set to foster key partnerships and implement agile strategies to propel the company towards new heights of success in the dynamic ANZ market.
“Joining Saviynt excites me because it’s an opportunity to help more organizations simplify their identity ecosystem in order to drive efficiencies and improved security posture. I am committed to leveraging Saviynt’s cutting-edge solutions to continue to broaden our partnerships in the region to improve our accessibility for customers, strengthen our regional delivery, whilst continuing to provide a great customer experience,” said Ross.
To learn more about Saviynt, please visit our website.
About Saviynt
Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt’s cutting-edge solutions have been recognized as industry leaders. For more information, please visit www.saviynt.com.
Press Contact
Jacklyn [email protected]
Photo: https://mma.prnewswire.com/media/2418209/James_Ross_RVP_ANZ_Saviynt.jpg
 

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Appdome Sweeps Cybersecurity Excellence Awards

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Unified Mobile Defense Platform Recognized for Innovation and Leadership Across Nine Cybersecurity Categories
REDWOOD CITY, Calif., May 21, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile defense, today announced it has received a total of nine (9) Cybersecurity Excellence Awards. The Appdome Unified Mobile App Defense Platform was awarded best in class across nine categories in recognition of the comprehensive breadth, depth and value of the Appdome platform to brands and enterprises alike.

“We congratulate Appdome on being recognized as an award winner in 9 categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 entries across more than 300 categories, the awards are highly competitive. Appdome’s achievement reflects outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”
Within a single pane of glass, Appdome delivers the most complete set of no-code, no-SDK, fully automated mobile defenses to mobile brands and enterprises, empowering mobile developers, cybersecurity, fraud and IT teams to deliver on any mobile cyber objective quickly and easily.
The nine (9) categories in which Appdome received a Cybersecurity Excellence Award are:
Mobile Security Platform: Appdome is the only enterprise-grade mobile security platform built for full mobile defense lifecycle management, visibility and control to brands and enterprises alike, including key features for build, test, release, monitor, response, and compliance automation. Mobile Security Automation: Appdome is the only mobile defense solution that uses machine learning to code and build over 300+ mobile app security, anti-fraud, anti-cheat, anti-malware, anti-bot, geo-compliance and other defenses in Android & iOS apps in the DevOps pipeline.Mobile Social Engineering Defense:  The Appdome Social Engineering Prevention solution is the first of its kind to protect mobile users from voice phishing (Vishing) scams and other imposter scams, T.O.A.D. attacks, Remote Access Trojans (RATs), Gold Pickaxe, FaceID bypass and more without an SDK or external servers.Mobile Bot Defense: The Appdome MOBILEBot™ Defense solution is the first mobile anti-bot solution to come out of the box compatible with any industry standard web application firewall (WAF) on the market and provide multi-layered bot, credential stuffing and Account Take Over (ATO) defense without an SDK, external server, performance limits, or restrictions.Mobile Geo Compliance:  Only the Appdome Mobile Geo-Compliance solution guarantees accurate and authentic geo location of mobile devices, applications and users without code or coding in the mobile app, without implementing an SDK and without deploying additional servers.Mobile XDR: The Appdome ThreatScope™ Mobile XDR solution is the only mobile attack and threat monitoring service that comes pre-packaged into the mobile defense lifecycle, requires no device agent, device profile, separate code, coding, SDK or server, and provides real-time detection and automated response across internal (employee facing) and external (consumer facing) Android & iOS apps.DevOps Mobile Security Tool: The Appdome platform’s fully integrated Security Release Management™ capabilities and Appdome Certified Secure™ mobile DevSecOps certification offer the only true enterprise-grade compliance assurance, audit and control for mobile defense at brands and enterprises, allowing quick verification that all security, anti-fraud and compliance objectives have been met.   Mobile Application Security:  With 300+ separate defenses for mobile apps, Appdome has the most comprehensive set of mobile application security features available in one product, fully compatible with all mobile Android & iOS apps.”Nine Cybersecurity Excellence Awards for Mobile Defense tells a very compelling story for the incredibly complex Dev, Sec, and Ops challenges organizations face detecting and defeating mobile-based risks and attacks,” said Chris Roeckl, Chief Product Officer at Appdome. “Point products make these challenges worse by adding complexity and overloading already taxed cyber and engineering teams. Appdome is the only platform simplifying work, bringing all these unique challenges under a single pane of glass, delivering 300+ protections and simultaneously resolving the security, fraud, resilience and compliance challenges brands and enterprises face.”
Learn more about the award-winning Appdome Platform at www.appdome.com or request a personalized demo at https://www.appdome.com/request-a-demo/appdome-home/
The full list of awards are available from the Cybersecurity Excellence Awards website  https://cybersecurity-excellence-awards.com/
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
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Courageous Whistleblowers Reclaim Derogatory Terms As Data Shows 80% of Financial Professionals Stay Silent on Suspected Internal Fraud, Fearing Retaliation

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Enron whistleblower, Sherron Watkins, alongside stars of Apple TV’s The Big Conn, Sarah Carver and Jennifer Griffith, reclaim derogatory labels for whistleblowers          Concerning new data shows more than half of financial professionals in the UK and US have spotted or suspected internal fraud in their workplaces, yet four out of five stay silent fearing retaliation          32% of professionals in finance have seen whistleblowers victimized behind their back or to their faceJACKSONVILLE, Fla., May 21, 2024 /PRNewswire/ — New data from fraud detection software company Medius shows more than half of financial professionals in the UK and US (56%) have spotted or suspected internal fraud in their workplaces yet four in five (81%) stayed silent. When asked why, 45% of professionals cited the fear of recrimination.

Whistleblowers Sherron Watkins, Sarah Carver and Jennifer Griffith have joined forces to reclaim the derogatory names they were called after reporting serious internal financial fraud.
To help empower others to come forward, the whistleblowers are reclaiming the terms “snitch”, “rat” and “traitor”.
Sherron Watkins is the former Vice President of Enron Corporation who alerted the CEO to accounting irregularities, warning the organization “‘might implode in a wave of accounting scandals.” Watkins received national acclaim for her courageous actions and TIME magazine named her along with two others as their Persons of the Year in 2002, calling them simply ‘The Whistleblowers.’
Sarah Carver and Jennifer Griffith are the stars of Apple TV’s The Big Conn after they exposed a fraud scheme of more than $550 million while employed at the Social Security Administration. In efforts to silence their disclosures, they experienced multiple acts of severe retaliation and were denied protection. Ultimately, both Carver and Griffith were forced from employment.
Concerns of repercussions are vindicated – the survey reveals the extent to which financial professionals in the UK and US have witnessed negative consequences for whistleblowers firsthand:           
59% have seen whistleblowers subsequently left out of important decisions           33% have seen whistleblowers moved to a different team           32% have heard whistleblowers called derogatory names behind their backs or directly to their faceWhen asked what would encourage them to flag suspicious activity, 93% of workers surveyed would feel more comfortable doing so if they had more evidence, yet nearly half (48%) said the legal system simply does not adequately protect whistleblowers.
Jim Lucier, CEO at Medius, a leading global provider of cloud-based accounts payable automation and spend management solutions, said:
“White collar crime is on the rise and no organization is safe. Employees are the last line of defense against fraud but confidence to report suspicious activity is declining. AI anomaly-detection technology can provide employees with the evidence and assurances they need to be more forthcoming. Building a culture where employees feel comfortable to report their suspicions could save organizations millions in the long-run.”
Medius works with over 4,000 customers across 102 countries and processes $200 billion in annual spend. It uses the power of AI and automation to detect fraud the moment invoices are submitted safeguarding against bad actors and potential threats, internal and external.
Sherron Watkins, whistleblower who was called a “snitch”, said: “When someone is troubled by corporate wrongdoing and they attempt to sound the alarm, the pathway is uncharted, things happen organically. Normal rational people speak about their concerns with their closest friends and work colleagues, who often suggest staying safe saying “keep your head down, if you must report, go soft, nothing black and white.” Yet black and white evidence is what is needed to get the attention of those in power, either internally or with media or outside watchdog groups to prevent or stop fraudulent activity.”  
Jennifer Griffith, whistleblower who was called a “traitor”, said: “Choosing to blow the whistle involves more than just the desire to right a wrong.  It’s about protecting their employers from fraud. However, it’s more often than not seen as causing trouble for the employer, or as a self-serving action to get a financial reward. No one who chooses to blow the whistle expects to have their reputation attacked, their credibility impugned or to lose their job. The cost of ignoring a whistleblowers complaints are far greater than acknowledging that a problem exists and taking steps to fix it.  It’s been 19 years since I blew the whistle and the problems that existed then with the Social Security Administration still exist today. We must do more to protect whistleblowers.”
Sarah Carver, whistleblower who was called a “rat”, said: “The government’s attempt to conceal the fraud resulted in exacerbated damage, whereas a more prudent approach would have entailed immediate acknowledgement and rectification upon initial disclosure. The retaliatory measures aimed at silencing me made me stronger and fight harder to find someone to listen and stop the fraud.”
Georgina Hallford-Hall, CEO of Whistleblowers UK, said: “Too many organisations talk the talk but fail to engage with whistleblowers often at great cost to both. Technology used properly can remove the fear that both organisations and whistleblowers have about dealing with whistleblowing because it removes the person and focuses on the concerns or malfeasance. WhistleblowersUK are calling on the UK government to introduce an Independent Office of the Whistleblower to protect everyone from discrimination setting standards that end stigmatisation and discrimination making it safe to speak up.”
The billboard advertising campaign runs on Wall Street from Saturday, 18th May to Friday, 24th May 2024.
For more information about how Medius can prevent fraud, visit: https://www.medius.com/whistleblowing/
Notes to Editor
Methodology
The research was conducted by Censuswide with 1500 financial professionals in the UK and US (aged 18+) between 04/22/24 – 05/07/24. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.
For more information, please contact: 
Fight or Flight for [email protected] / +44 330 133 0985
This information was brought to you by Cision http://news.cision.com
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